XML 29 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Changes in Other Comprehensive Income
 6 Months Ended
Jun. 30, 2017
Changes in Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
NOTE L – CHANGES IN OTHER COMPREHENSIVE INCOME

The following table provides the reclassifications out of other comprehensive income for the three and six months ended June 30, 2017 and June 30, 2016. Amounts in the chart below are presented net of tax.

Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Foreign Currency Translation Adjustments
 
Unrealized Gains/Losses on Derivative Financial Instruments
 
Unrealized Gains/Losses on Available-for-Sale Securities
 
Defined Benefit Pension Items / Other
 
Total
Balance as of March 31, 2017
 
$
(71
)
 
$
52

 
$
(6
)
 
$
(21
)
 
$
(46
)
Other comprehensive income (loss) before reclassifications
 
13

 
(4
)
 
—

 
—

 
9

Amounts reclassified from accumulated other comprehensive income
 
—

 
(17
)
 
2

 
(1
)
 
(16
)
Net current-period other comprehensive income
 
13

 
(21
)
 
2

 
(1
)
 
(7
)
Balance as of June 30, 2017
 
$
(58
)
 
$
31

 
$
(4
)
 
$
(22
)
 
$
(53
)
 
 
 
 
 
 
 
 
 
 
 


Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
(in millions)
 
Foreign Currency Translation Adjustments
 
Unrealized Gains/Losses on Derivative Financial Instruments
 
Defined Benefit Pension Items / Other
 
Total
Balance as of March 31, 2016
 
$
(38
)
 
$
83

 
$
(10
)
 
$
35

Other comprehensive income (loss) before reclassifications
 
(21
)
 
(64
)
 
(1
)
 
(86
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
(20
)
 
1

 
(19
)
Net current-period other comprehensive income
 
(21
)
 
(84
)
 
—

 
(105
)
Balance as of June 30, 2016
 
$
(59
)
 
$
(1
)
 
$
(10
)
 
$
(70
)

Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Foreign Currency Translation Adjustments
 
Unrealized Gains/Losses on Derivative Financial Instruments
 
Unrealized Gains/Losses on Available-for-Sale Securities
 
Defined Benefit Pension Items / Other
 
Total
Balance as of December 31, 2016
 
$
(79
)
 
$
107

 
$
(6
)
 
$
(21
)
 
$
1

Other comprehensive income (loss) before reclassifications
 
21

 
(41
)
 
—

 
(2
)
 
(22
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
(35
)
 
2

 
1

 
(32
)
Net current-period other comprehensive income
 
21

 
(76
)
 
2

 
(1
)
 
(54
)
Balance as of June 30, 2017
 
$
(58
)
 
$
31

 
$
(4
)
 
$
(22
)
 
$
(53
)


Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of December 31, 2015
 
$
(54
)
 
$
152

 
$
(10
)
 
$
88

Other comprehensive income (loss) before reclassifications
 
(5
)
 
(102
)
 
(3
)
 
(110
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
(51
)
 
3

 
(48
)
Net current-period other comprehensive income
 
(5
)
 
(153
)
 
—

 
(158
)
Balance as of June 30, 2016
 
$
(59
)
 
$
(1
)
 
$
(10
)
 
$
(70
)

The income tax impact of the amounts in other comprehensive income for unrealized gains and losses on derivative financial instruments before reclassifications was a benefit of $2 million in the second quarter of 2017, and a benefit of $36 million in the second quarter of 2016, a benefit of $23 million in the first half of 2017 and a benefit of $57 million in the first half of 2016. The gains and losses on derivative financial instruments reclassified were reduced by income tax impacts of $10 million in the second quarter of 2017, $12 million in the second quarter of 2016, $20 million in the first half of 2017 and $29 million in the first half of 2016. Refer to Note D – Fair Value Measurements in this Quarterly Report on Form 10-Q for further detail on the reclassifications related to derivatives.

The income tax impact of the amounts in other comprehensive income for defined benefit and pension items before reclassification was immaterial in both the second quarter of 2017 and the second quarter of 2016, and for both the first half of 2017 and 2016.
The gains and losses on defined benefit and pension related items reclassified from accumulated other comprehensive income were reduced by immaterial income tax impacts in the second quarter and first half of 2017 and the second quarter of 2016 and first half of 2016.
The gains and losses on available-for-sale securities were reduced by immaterial income tax impacts for both the second quarter and first half of 2017.